Putting Value on RSG by just looking at what they will produce for this FY is a bit to simple imho.
You will have to look at the OZ of gold they have in reserves and in resources , the exploration upside , life of mine and where the gold price in A$ is going to be.
Just to come up with a price as you did , will maybe good for today but certainly not for an ongoing concern that has two mines in production , another mine and plant on stand by, and some of the best exploration dirt that someone could wish they had.
The market is a crazy beast as its put together by humans and human sentiment, one only have to see what happened with PIR and how they got away with NO production what so ever but a Mcap nearly 1.5 times of RSG.
This should explain enough.
jojo
RSG Price at posting:
63.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)